Eli5: How do Bonds work?

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Was playing Red Dead 2 and the gang comes into some Bonds. Apparently they’re worth money but idk how the gang gets a profit from it, or how bonds work in civilian life.

In: Economics

14 Answers

Anonymous 0 Comments

Bearer bonds used to give you ownership of an IOU for money in the future, as long as you can hand in the piece of paper it’s held on.

They’re illegal now because they’re very easy to do crime with, as the game evidences.

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